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GoldQuest Mining Corp.
Summary
| Project: | Tireo | |
|---|---|---|
| Deposit: | Cachimbi | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 8/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-8-2017: GoldQuest Mining Corp. announces an Exploration/Drilling Update report for its Cachimbi deposit at the Tireo project. Drilling results incl. 11.65m @ 6.34g/t Au, 4.37g/t Ag, 0.03% Cu, 0.33% Zn from 186.75m. VANCOUVER, BC--(Marketwired – 10thAug | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Niemi (Internal) | |
| ABSTRACT: | VANCOUVER, BC--(Marketwired – 10thAugust, 2017) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to report assay results from the latest 4-hole batch of drill holes from its ongoing Tireo exploration drill program. The holes are all from the recent Cachimbo Volcanogenic Massive Sulphide (VMS) Discovery. All drilling occurs within the Company’s 100% owned Tireo Concessions, which hosts the multi-million-ounce Romero Project in the Dominican Republic. Assays from four holes at Cachimbo are reported herein. All four holes, TIR-17-33, 34, 35 and 36 intersected gold within the upper strata-bound polymetallic massive and semi-massive sulphide horizon of the VMS system. Hole TIR-17-35 intersected a second lower zone of mineralization which may be proximal to the feeder to the system and future drilling will follow up. The mineralization remains open along strike and down-dip of the Cachimbo discovery hole, TIR-16-09, which intersected 5 metres grading 14 g/t gold, 74 g/t silver, 12% zinc and 1% copper (see release dated January 10, 2017). Hole TIR-17-33 was collared approximately 50m south-east of the discovery hole at the same platform as hole TIR-17-32. The hole confirms that the upper mineralization horizon is dipping to the east. Holes TIR-17-34/35 and 36 were collared approximately 160 metres to the south-east of the discovery hole. Hole TIR-17-34 suffered a mechanical failure just as it entered the mineralization zone and had to be abandoned. Hole-17-35 hit the intended target of hole TIR-17-34 and intersected a second deeper zone with higher gold and base metal grades. | |
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